- Coronavirus: United States loses 10 million jobs and studies a fourth economic stimulus package
- Health.Coronavirus in Spain live
The United States destroyed 701,000 between March 1 and 14 . These are the official unemployment figures for that country, which have just been published. The data is seven times the market forecast, which pointed to the destruction of 100,000 jobs, and is particularly negative because the coronavirus began to hit the first world economy on March 16, when President Donald Trump recommended to the states that form the country the closure of schools and the limitation of social interactions and public activities. In other words: the statistics do not reflect the real impact of the pandemic on the labor market.
According to the Labor Department, the unemployment rate has risen by nine tenths, from 3.5% to 4.4% of the active population. Wall Street expected the unemployment rate to have barely risen by two tenths, to 3.7%.
The Congressional Budget Office predicts that in the second quarter, which has just started, unemployment will exceed 10% of the active population . Until now, the highest number of unemployment in the US since statistics exist was 10.2% in November 1989, when Ronald Reagan was president. The Oxford Economics consultancy estimates that unemployment will be 16% in May, with 27.9 million unemployed. That means the destruction of all the jobs created since 2010
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